24 May 2012

Nigeria: 'Investors Looted Privatised Firms'

Senate President David Mark has described as a near disaster, the privatisation programme of the Federal Government.

He said many of the investors who promised to rehabilitate the companies and improve on their fortunes looted the property of those companies and in other instances, vandalized them.

Mark stated this in Abuja yesterday while receiving the Group Chief Executive Officer of Notore Chemical Industries Limited, Onajite Okoloko.

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